Step 1: Gather Required DocGather the necessary documents to open a business checking account, including your business formation documents (LLC, Corporation, etc.), Employer Identification Number (EIN), and any additional documentation required by Chase Bank. If you don’t have an LLC or EIN, learn how to create one here.
Step 2: Visit the Chase Bank website
Go to the Chase Bank website (www.chase.com) and select “Business Banking” from the main menu.
Step 3: Choose a Business Checking Account
Select a business checking account that meets the needs of your Amazon FBA business, such as the Chase Business Complete Banking℠ account.
Step 4: Apply for the Business Checking Account
Click on “Open an Account” and fill out the application form.
Provide your business and personal information, including your name, address, EIN, and business formation documents.
Step 5: Deposit Funds into Your Account
Once your application is approved, deposit funds into your account to activate it.
You can transfer funds from an existing bank account, deposit a check, or set up a wire transfer.
Step 6: Manage Your Account Online
Set up online access to manage your account, view transactions, and track your account balance.
You can also download the Chase Mobile® app to access your account on the go.
Step 7: Link Your Business Checking Account to Your Amazon Seller Account
Log in to your Amazon Seller Central account and navigate to the “Settings” tab.
Select “Account Info” and click on “Deposit Method.”
Enter your business checking account information and verify your bank account.
Conclusion: Setting up a business checking account with Chase bank for your Amazon FBA business is a simple process. By gathering the necessary documents, selecting a business checking account, applying for the account, depositing funds, managing your account online, and linking your account to your Amazon Seller Central account, you can easily manage your finances and ensure a smooth and efficient cash flow for your Amazon FBA business.
